ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Oil & Gas sector. The brokerage house expects Gail India to report net profit at Rs. 1395.4 crore down 28.9% year-on-year (up 8.4% quarter-on-quarter).
Net Sales are expected to decrease by 3.2 percent Y-o-Y (up 1.9 percent Q-o-Q) to Rs. 18,650.1 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 31.4 percent Y-o-Y (down 11.1 percent Q-o-Q) to Rs. 2,008.8 crore.
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